solar industry News

Swedish furniture giant IKEA is planning to sell solar panels “at cost” in its Australian stores - And the news has been met with mixed reviews, especially from the local solar industry. But IKEA wants only one thing - A bigger market share.

Puerto Rico's power grid is destroyed, leaving the situation dire for the island's 3.5 million people. However, it's been learned that the solar industry has been quietly responding to the needs of the people in Puerto Rico and the U.S. Virgin Islands.

On Friday, the U.S. International Trade Commission ruled that domestic solar panel manufacturers had suffered serious injury from foreign competitors, giving President Donald Trump until January to decided whether to impose tariffs.

Washington -
The solar industry got a huge boost on Tuesday when the US Department of Energy announced the 2020 utility-scale solar cost target set by the SunShot Initiative has been met, three years early.

The solar power industry has done amazingly well in the United States over the past nine years, seeing a 30-fold increase in photovoltaic (PV) sales. Perhaps more significant is the number of people working in the solar industry - Over 260,000 to date.

Washington -
BP states global energy demand will reach a 39 percent increase by 2030, or 1.6 percent annual increase, and greenhouse gas emissions will likely increase by about 28 percent during the same period, even as the company plans to exit the solar industry.